Sappi (OTCMKTS:SPPJY) Releases Earnings Results

Sappi (OTCMKTS:SPPJY) announced its earnings results on Wednesday. The basic materials company reported $0.14 EPS for the quarter, Zacks reports. Sappi had a return on equity of 11.55% and a net margin of 0.60%.

Sappi Stock Up 11.5 %

Shares of OTCMKTS:SPPJY traded up $0.30 during trading on Wednesday, hitting $2.90. The company’s stock had a trading volume of 4,844 shares, compared to its average volume of 877. The company has a market capitalization of $1.62 billion, a PE ratio of 96.70 and a beta of 1.01. Sappi has a fifty-two week low of $2.18 and a fifty-two week high of $3.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 1.50. The stock’s 50-day moving average price is $2.77 and its two-hundred day moving average price is $2.77.

Sappi Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a $0.1082 dividend. The ex-dividend date was Friday, January 10th. Sappi’s dividend payout ratio is currently 333.44%.

Sappi Company Profile

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.